Software Test - QA

Software Developer

By earning so little that I fall under all slabs

Business Analyst

Software Engineer

Sales Manager

Start a political party, donate most of your income to that party. Use the party funds for your lifestyle.

I will take the 10% of annual basic to save your tax expense.

Product Manager

Will look into it on reaching such a lvl. Till then chill

Are there any legit ways to save tax once you cross that salary where saving from 80c, 80d is not of much use? I know home loan is one option but are there better ways?

Welcome to Personal Finance's Private Community

How do you save tax?

How do you save tax?- Grapevine

I am joining new org with 17LPA, I just got to know that my tax slab will be 30%. I never had to think about it for last 2 years because i was with 3.75LPA since 2 years when my career began. How should i start to reduce my taxable income? I watched various yt videos and spoke to some close acquaintances but im not able to understand how to proceed

How to save money on taxation?

Outside of the standard 80C BS, is there any major way to save tax? I can’t stand a small set of people giving out so much tax to the government and so much burden on the other side without any significant social benefits. This one’s especially for the experienced ones.

Tax saving hacks

Operations Manager

How much taxes can be saved on a 40 lakhs package? I am planning to hire a CA but looking for rough estimates here. I can structure my salary in any way I want and can invest in all schemes except housing loans.

Tax Saving

Performance Marketer

I am a software engineer in Bangalore having base CTC 13.8 lpa. Which brings me to a tax of more than a lakh rupees, what are the possible ways to reduce this taxed amount.

Suggestions to save tax ?

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Staff Engineer

What are the ways to save taxes if you are earning more than 60+LPA?

If you are salaried and earning 1Cr+, how are you saving on taxes? My net tax burden comes up around 40 lakh every year (and it hurts)

Looking to understand if and how you are able to save on taxes

How are you saving taxes on 1Cr+ income?

For people who lie in the 30% tax bracket, how do you save taxes?

Do you suggest making a dummy rent agreement on your parents name to save HRA? 

Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How do you account for it?

Any suggestions on saving taxes?

How to save taxes?

How much do you guys generally pay in taxes with an income between 50-100 LPA in India? What are the options to save tax apart from the normal 80C, 80D, insurance, donations etc.?

Seeking tax advice for 80 LPA income

Quantitative Research

Got an offer, I calculated the tax and it will be around 3L ( currently it was around 1.5L) it's crazy, I don't want to pay 25k each month as tax.
My Gross will be around: 22L
I'm 24, I don't have any health insurance other than the company provided one, no home/education loan.
Please suggest how I can reduce tax.
(I have already included max 80c, NPS, HRA in my calculation)

Need Suggestion for saving TAX

Welcome to IT Company Discussion's Private Community

Hi, I wanted to take community's advice on tax saving suggestions to opt for and plan my investments. This is what I have:

CTC: 21L ( 19L Fixed , 2L variable pay  in CTC )

80C is covered, Currently I have 50L home loans. & Staying in rented house with 16k rent, Paying around 20k+ TDS. Where can I save? 

Plan me with total take home per month & tax regime to opt ?

Tax planning & suggestion in reduction of tax

System Administrator

So this is something that I have been researching for a while, apart from very well known instruments such as-(only mentioning the ones that should be done by everyone irrespective)
* 1.5L annually through 80C
* 50k standard deduction 
* HRA claim
* Donation claims
* Insurance/Medical claims

How are you folks optimising your post tax income?
Would really like to hear it from people getting >= 24 LPA fixed, since from this point onwards a major chunk (almost 20% goes in taxes) and it really hurts.

Tax Savings for 30% slab

How to pay 0 tax when income is around >= 12 LPA?

Data Scientist

It's that time of the year when you wonder why you need to pay so much taxes for the facilities and infra that you get. What are the genuine and not so genuine ways to save taxes?

Tax savings.

so I've taken an education loan worth 20 Lakhs, 10% p.a. interest

will graduate next year (24) and wanted to know how do i maximize my tax savings due to my ed loan 

if you guys have any other ideas to save taxes apart from this, please tell in the comments, thanks!

save taxes by education loan

I wasn't doing proper ITR, I was in the family biz for the last 6 years, recently joined a startup and they don't have any proper salary composition. My current salary is 35L in hand (2.9L per month). Apart from HRA how do I save in taxes? is there an app which does it for you?

Taxes 101? 40+ LPA

UX/UI Designer

My friend has 53L in cash from his freelancing and other businesses. How can he save taxes on it? We don't know any CA and the ones he met said pay tax in entirety. 

Any suggestions are welcome.

PS: it's NOT a sarcastic post

Senior Product Manager

How do I find a CA? I tried searching grapevine but could not find any relevant post where how we can find one is mentioned..

Is it beneficial to hire a CA for salary upwards of 30LPA?
Like, can they help me save more tax than the usual 80C/NPS/Medical Insurance savings, I seem to have already maxed them out.
Also if we opt for new tax regime, can CA help in saving additional money?

Any help would be appreciated :)

How do you save tax?

Discover More

Personal Finance on

by Jordon Vernon

IBM

How to save money on taxation?

Personal Finance on

by Jordon Lee

Stealth

Tax saving hacks

Personal Finance on

by Coy Lee

Stealth

Tax Saving

Personal Finance on

by Matilda Nadeen

Oracle

Suggestions to save tax ?

Personal Finance on

by Jordon Lee

Uber

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Personal Finance on

by Matilda Lee

Google

What are the ways to save taxes if you are earning more than 60+LPA?

Personal Finance on

by Kalan Vernon

Stealth

How are you saving taxes on 1Cr+ income?

Personal Finance on

by Jordon Carmden

ANGEL ONE LIMITED

How to save taxes?

Personal Finance on

by Karilyn Denver

Stealth

Seeking tax advice for 80 LPA income

Personal Finance on

by Coy Olive

Infineon Technologies

Need Suggestion for saving TAX

IT Company Discussion on

by Matilda Everett

TCS

Tax planning & suggestion in reduction of tax

Personal Finance on

by Matilda Carmden

Stealth

Tax Savings for 30% slab

Personal Finance on

by Coy Nadeen

JP Morgan

Tax

Personal Finance on

by Jordon Nadeen

Olx

Tax savings.

Personal Finance on

by Dezi Lee

Stealth

save taxes by education loan

Personal Finance on

by Jordon Gabriel

Udaan

Taxes 101? 40+ LPA

Personal Finance on

by Coy Carmden

Stealth

How to save taxes?

Personal Finance on

by Aaron Lee

Amazon

Tax Saving